Builder's Risk

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Builders' risk

Exposures during the construction phase of a renewable energy project can be highly specialized. While in most cases conventional energy is produced in the same areas where it is consumed, renewable energy production is often situated in more remote locations with greater exposure to severe weather conditions and other hazards.


HSB not only offers comprehensive coverage during the testing and commissioning phase through substantial completion of the project, but also, we can provide our array of engineering and loss control support throughout the process helping to keep the project as close to “on schedule” as possible.

Coverage

Builders’ Risk coverages offered include:

  • Construction All-Risk
  • Erection All-Risk
  • Physical Damage (Fire, Equipment Breakdown, Weather perils, Earthquake)
  • Delay in Start Up (Advanced Loss of Profits)
  • Builders’ Risk coverage can roll directly into Operational Coverage with no lapse in coverage
  • General Liability
  • Terrorism

HSB’s engineering expertise is available to our insureds as we consult with and advise on the “best practices” we have acquired through years of experience with project installation companies for multiple renewable energy technologies.


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.